• home Most Read
• China backs Greek orders Leading Greek shipowners are continuing to cement relationships with Chinese banks and shipping organizations, with a several significant agreements signed this week.
• PRGN lands $69m loan Paragon Shipping of Greece has secured a $69m loan that will be used to partially finance the construction of two containerships on order at Zhejiang Ouhua Shipbuilding in China.
• Freeport bags export OK The US Department of Energy (DoE) has issued a preliminary export license for the Freeport LNG project in Texas.
• China's Greek loan pledge Chinese banks have promised to provide more cash to support Greek shipowners’ newbuilding efforts following the visit of a star-studded trade delegation to one of the world’s largest shipbuilding nations.
• Gulf Nav defaults Dubai tanker owner Gulf Navigation is in talks with banks after defaulting on covenants in the face of mounting losses.